Pakistan Finance Minister Ishaq Dar Cancels US Trip Due to Political Crisis
1 year, 8 months ago

Pakistan Finance Minister Ishaq Dar Cancels US Trip Due to Political Crisis

News 18  

Pakistan Finance Minister Ishaq Dar on Saturday said he had cancelled his trip to Washington for the spring meetings of the International Monetary Fund and World Bank on the orders of the prime minister due to the political situation in the country. Pakistan is in danger of defaulting on its debt, with an International Monetary Fund bailout programme stalled since November, while a bruising political battle is raging between the government and former prime minister Imran Khan. IMF BAILOUT Dar said that Pakistan, on its part, had completed all requirements of the IMF’s programme review for the release of over $1.1 billion in critical funding for the cash-strapped country. While Dar did not name the two countries, Pakistan’s junior finance minister on Thursday said Saudi Arabia had conveyed to the IMF its commitment to provide financing to Pakistan.

Pakistan Washington Minister Billion Imf Pakistani Dar  cancels  pakistan  dar  ishaq  trip  minister  billion  country  crisis  provide  finance  prime  washington  political  pakistani

History of this topic

Is Pakistan’s $7bn IMF bailout package in trouble?
3 months, 1 week ago

Is Pakistan’s $7bn IMF bailout package in trouble?

Al Jazeera  

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate. Earlier this week, Pakistan’s Deputy Prime Minister Ishaq Dar accused the IMF of “deliberately delaying” the release of funds. Pakistan eventually narrowly avoided default when Shehbaz Sharif, in his first stint as prime minister, managed to secure a new, nine-month long …

Pakistan reaches new $7 bn loan deal with IMF
5 months, 1 week ago

Pakistan reaches new $7 bn loan deal with IMF

The Hindu  

Pakistan and the International Monetary Fund have agreed on a $7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. “Building on the economic stability achieved under the 2023 Stand-by Arrangement, IMF staff and the Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement …

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan
7 months, 3 weeks ago

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan

Deccan Chronicle  

Washington/Islamabad: The IMF has approved an immediate disbursal of the final tranche of USD 1.1 billion to Pakistan as part of a bailout package, emphasising that the cash-strapped country needs to take tough measures to bring its economy back on track. The International Monetary Fund Executive Board's decision on Monday came after the global lender completed the second and final …

Pakistan and Saudi Arabia call for a cease-fire in Gaza, saying efforts so far are insufficient
8 months, 1 week ago

Pakistan and Saudi Arabia call for a cease-fire in Gaza, saying efforts so far are insufficient

Associated Press  

ISLAMABAD — Pakistan and Saudi Arabia on Tuesday called for an immediate cease-fire and uninterrupted delivery of humanitarian aid in Gaza. Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan, on a visit to Islamabad, said that international efforts toward a cease-fire between Israel and the militant group Hamas have been “wholly insufficient.” “We are now actively discussing the potential for …

Saudi foreign minister arrives in Pakistan to discuss how to help with the country's economic crisis
8 months, 1 week ago

Saudi foreign minister arrives in Pakistan to discuss how to help with the country's economic crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Pakistan can’t survive without another IMF assistance, says PM Shehbaz Sharif
9 months ago

Pakistan can’t survive without another IMF assistance, says PM Shehbaz Sharif

Live Mint  

Pakistan Prime Minister Shehbaz Sharif on Thursday said the economy of the country can't survive without another assistance from the International Monetary Fund, news agency Reuters reported. Hoping to get an aid of $1.1 billion tranche from the global financial agency next month, the Pakistan prime minister said the country needs to bring deep-rooted structural reforms with the two-three year …

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout
9 months, 1 week ago

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout

Associated Press  

ISLAMABAD — The International Monetary Fund will hold a crucial round of talks with Pakistan’s newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said Wednesday. Pakistan is likely to get the final installment of $1.1 billion from the IMF under …

IMF team to visit Pakistan next week to hold review talks
1 year, 1 month ago

IMF team to visit Pakistan next week to hold review talks

Firstpost  

The first review talks will be held November 2 onwards for the second loan tranche of USD 710 million and a staff-level agreement would pave the way for its approval by the International Monetary Fund board in December The IMF will send its delegation to Pakistan next week to hold talks for the release of USD 710 million second tranche …

Pakistan seeks $11 billion aid from China, Saudi Arabia to keep IMF bailout programme on track: Report
1 year, 2 months ago

Pakistan seeks $11 billion aid from China, Saudi Arabia to keep IMF bailout programme on track: Report

The Hindu  

Cash-strapped Pakistan is seeking around $11 billion from China and Saudi Arabia as part of efforts to fill external- and domestic resource gaps so that the International Monetary Fund bailout programme remains on track to ensure economic stability until an elected government is formed in the country, according to a media report on September 29. Pakistan Government debt swells to …

China Rolls Over $2.4 Billion Loan to Cash-Strapped Pakistan for Two Years
1 year, 4 months ago

China Rolls Over $2.4 Billion Loan to Cash-Strapped Pakistan for Two Years

News 18  

China has rolled over a USD 2.4 billion loan to its all-weather ally Pakistan for two years to help the cash-strapped country shore up its foreign exchange reserves, Finance Minister Ishaq Dar said on Thursday. “Chinese EXIM Bank has rolled over for 2 years principal amounts of following loans totalling US$ 2.4 billion which are due in next 2 fiscal …

Pakistan: Army chief calls for people to 'throw out the begging bowl' to reduce dependence on foreign loans
1 year, 4 months ago

Pakistan: Army chief calls for people to 'throw out the begging bowl' to reduce dependence on foreign loans

India TV News  

Stressing that Pakistan needs to end dependence on foreign loans for sustaining its dilapidated economy, the country's Chief of Army Staff General Syed Asim Munir remarked that "all Pakistanis must throw out the begging bowl", reported Geo News. Pakistan Prime Minister Shehbaz Sharif announced that the cash-strapped country will receive $600 million from Beijing amid a swelling debt and low …

Pakistan facing "exceptionally high" economic risks, external debt to mount: IMF
1 year, 5 months ago

Pakistan facing "exceptionally high" economic risks, external debt to mount: IMF

India Today  

An assessment from the International Monetary Fund has said that Pakistan's economic challenges were complex and multifaceted and risks were exceptionally high, The Dawn reported. “Resolving Pakistan's structural challenges, including long-term BOP pressures, will require continued adjustment and creditor support beyond the current programme period,” the Fund said in a report. “A possible successor arrangement could help anchor the policy …

The Dubious Role of a Pakistani Army Chief in Securing a Saudi Loan
1 year, 5 months ago

The Dubious Role of a Pakistani Army Chief in Securing a Saudi Loan

The Quint  

The latest statement of the Pakistani finance minister acknowledging the gratitude of its Army Chief towards the Saudi aid of USD 2 billion has a history and context beyond the officialese of co-religiosity, and other niceties. Besides the element of religiosity, the frequent grant of financial aid and the sizeable quantum of foreign exchange repatriation by the Pakistani migrant workforce …

IMF deposits much-awaited $1.2 billion with Pakistan’s central bank under bailout, minister says
1 year, 5 months ago

IMF deposits much-awaited $1.2 billion with Pakistan’s central bank under bailout, minister says

Associated Press  

ISLAMABAD — The International Monetary Fund has deposited a much-awaited first installment of $1.2 billion in Pakistan’s central bank under a bailout deal aimed at helping Islamabad avoid defaulting on its debt repayments, the Pakistani foreign minister said Thursday. U.S. Secretary of State Antony Blinken welcomed the IMF bailout in a tweet saying that the U.S. stands with the Pakistani …

Cash-Strapped Pakistan Secures USD 3 Billion Loan from IMF
1 year, 5 months ago

Cash-Strapped Pakistan Secures USD 3 Billion Loan from IMF

News 18  

The International Monetary Fund on Wednesday announced that it has approved a USD 3 billion loan agreement for Pakistan, unlocking crucial funding for the cash-strapped economy. In a statement, the IMF said its executive board gave the green light to the nine-month standby arrangement “to support the authorities’ economic stabilization program.” This follows a staff-level agreement between the fund and …

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt
1 year, 5 months ago

IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt

Associated Press  

ISLAMABAD — The International Monetary Fund approved a much-awaited $3 billion bailout for Pakistan on Wednesday, the global lender said, a move that’s likely to save the nation from defaulting on its debt repayments. Later, IMF head Kristalina Georgieva said in a statement that “Pakistan’s economy was hit hard by significant shocks last year, notably the spillovers from the severe …

IMF approves much-awaited $3bn bailout for Pakistan
1 year, 5 months ago

IMF approves much-awaited $3bn bailout for Pakistan

Al Jazeera  

IMF approves release of funds over nine months to support Pakistan’s economic stabilisation programme. In a statement on Wednesday, the IMF said its executive board gave the green light to the nine-month standby arrangement “to support the authorities’ economic stabilisation programme”. Pakistan has suffered from a balance-of-payments crisis as it tries to service burdensome external debt amid a fraught political …

Relief to cash-strapped Pakistan as it gets final IMF approval for USD 3 billion loan
1 year, 5 months ago

Relief to cash-strapped Pakistan as it gets final IMF approval for USD 3 billion loan

India TV News  

In a relief to cash-strapped Pakistan, the International Monetary Fund on Wednesday gave a final nod to a USD 3 billion “stand-by arrangement” for the country to support the government's efforts to stabilise the ailing economy. "The Executive Board of the International Monetary Fund approved a 9-month Stand-By Arrangement for Pakistan for an amount of SDR2,250 million to support the …

Cash-strapped Pakistan receives $2 billion from Saudi Arabia: Pakistan Finance Minister Dar
1 year, 5 months ago

Cash-strapped Pakistan receives $2 billion from Saudi Arabia: Pakistan Finance Minister Dar

The Hindu  

Pakistan has received deposits of $2 billion from Saudi Arabia, Finance Minister Ishaq Dar said on July 11, ahead of a key meeting of the IMF to endorse a loan for the cash-strapped country. “State Bank of Pakistan has received deposit of $2 billion from the Kingdom of Saudi Arabia. Prime Minister Shehbaz Sharif also extended deep gratitude to the …

Saudi Arabia deposits $2 billion in Pakistan’s central bank as a boost ahead of a key IMF meeting
1 year, 5 months ago

Saudi Arabia deposits $2 billion in Pakistan’s central bank as a boost ahead of a key IMF meeting

Associated Press  

ISLAMABAD — Saudi Arabia has deposited $2 billion into Pakistan’s central bank, the government said Tuesday, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country. Dar said that with the Saudi deposit, Pakistan’s foreign exchange reserves which dropped to $9.6 billion last week — …

Pakistan gets $2bn from Saudi Arabia day before key IMF meeting
1 year, 5 months ago

Pakistan gets $2bn from Saudi Arabia day before key IMF meeting

Al Jazeera  

The kingdom deposits the money into Pakistan’s central bank before a critical meeting of the global lender on $3bn bailout package. Pakistan has received $2bn in financial support from Saudi Arabia, Finance Minister Ishaq Dar said on Tuesday, a day before the International Monetary Fund’s board is expected to give final approval for a much-needed $3bn bailout. Saudi Arabia deposited …

Pakistan assures IMF of $8 billion external payments: Report
1 year, 5 months ago

Pakistan assures IMF of $8 billion external payments: Report

India Today  

Cash-strapped Pakistan has provided the IMF with a financing plan for external payments, in which it has informed the global lender that it will arrange USD 8 billion for the purpose instead of USD 6 billion, according to a media report on Saturday. The Executive Board of the IMF will meet on July 12 to review the SBA for Pakistan …

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default
1 year, 5 months ago

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default

The Hindu  

The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country's ailing economy. Ms. Porter, the IMF’s mission chief to Islamabad, said Pakistan’s economy has faced several heavy blows recently, such as the devastating floods last summer that killed 1,739 people, caused $30 billion in damage and impacted …

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default
1 year, 5 months ago

Pakistan gets a lifeline from the IMF with a new $3 billion bailout to help avoid default

Associated Press  

ISLAMABAD — The International Monetary Fund has agreed to provide $3 billion to Pakistan in badly needed relief to help bail out the impoverished country’s ailing economy. Porter, the IMF’s mission chief to Islamabad, said Pakistan’s economy has faced several heavy blows recently, such as the devastating floods last summer that killed 1,739 people, caused $30 billion in damage and …

Pakistan-IMF deal finalized! Staff-level agreement likely today, says FM Dar
1 year, 5 months ago

Pakistan-IMF deal finalized! Staff-level agreement likely today, says FM Dar

Live Mint  

Pakistan Finance Minister Ishaq Dar has said that a staff-level agreement for a crucial bailout deal with the International Monetary Fund is very close and expected in the next 24 hours, according to a report published by Dawn, a Pakistani English newspaper. With the bailout program set to expire on June 30, Pakistan has also revised its budget for the …

Why did Pakistan need the IMF deal? What does it need to do now?
1 year, 5 months ago

Why did Pakistan need the IMF deal? What does it need to do now?

Al Jazeera  

As Pakistan clinches a crucial $3bn bailout hours before deadline, here’s a look at what it means for the cash-strapped nation. The country’s central bank also hiked the key rate by 100 basis points in an emergency meeting on Monday, barely two weeks after keeping the rate unchanged in a scheduled meeting. Pakistan’s central bank should withdraw import restrictions put …

Pakistan hopes for IMF bailout decision in a day or two: PM Shehbaz Sharif
1 year, 5 months ago

Pakistan hopes for IMF bailout decision in a day or two: PM Shehbaz Sharif

Live Mint  

Islamabad hopes a bailout decision from the International Monetary Fund in a day or two, Pakistan Prime Minister Shehbaz Sharif said on Tuesday, after a telephonic conversation with IMF Managing Director Kristalina Georgieva about the bailout funds, reported Reuters. "The IMF team continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support from the …

IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout
1 year, 5 months ago

IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout

Associated Press  

ISLAMABAD — A senior official with the International Monetary Fund and Pakistan’s prime minister indicated Tuesday a deal could soon be reached on a much-needed $6 billon bailout package for the impoverished south Asian country. The deal envisioned a deadline and if the IMF by Friday decides that Pakistan has not met the terms of the agreement, the fund could …

IMF puts fresh condition on crisis-hit Pakistan to revive loan
1 year, 5 months ago

IMF puts fresh condition on crisis-hit Pakistan to revive loan

Live Mint  

The International Monetary Fund has asked cash-strapped Pakistan to revise the budgetary framework for 2023-24 before its passage from the parliament in order to strike a staff-level agreement, according to a report published by The News International, an English-language newspaper in the crisis-hit country. Pakistan and the IMF are making efforts to evolve a broader agreement on the budgetary framework …

Pakistan PM meets IMF director in a last-ditch effort to get bailout
1 year, 6 months ago

Pakistan PM meets IMF director in a last-ditch effort to get bailout

The Hindu  

Pakistan Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva on Thursday as the cash-strapped country made a last-ditch effort to get a much-needed loan from the global lender, a media report said. Recalling their recent telephone conversation on May 27, 2023, the prime minister apprised Ms. Georgieva of Pakistan's economic outlook and outlined the steps taken by the …

Pakistan Finance Minister Ishaq Dar blames geopolitics for stalled IMF loan; vows against default
1 year, 6 months ago

Pakistan Finance Minister Ishaq Dar blames geopolitics for stalled IMF loan; vows against default

The Hindu  

Pakistan’s Finance Minister Ishaq Dar has blamed geopolitics for a stalled International Monetary Fund loan package and said that global institutions wanted the cash-strapped country to default like Sri Lanka and then take part in the negotiations. Mr. Dar said that no reason had been given by the IMF for the “unnecessary delay” behind the ninth review, which has been …

Pakistan PM hopeful of IMF deal this month amid escalating crisis
1 year, 6 months ago

Pakistan PM hopeful of IMF deal this month amid escalating crisis

Al Jazeera  

Shehbaz Sharif’s statement comes as Pakistan seeks immediate release of $1.1bn from IMF, part of a $6.5bn bailout package the country signed up for in 2019. Sharif, who also spoke to IMF chief Kristalina Georgieva last month to revive the programme, told Anadolu that Pakistan has met the requirements the global lender asked for. “Some of those actions are usually …

Resolve political disputes in line with 'Constitution and rule of law': IMF tells Pakistan
1 year, 6 months ago

Resolve political disputes in line with 'Constitution and rule of law': IMF tells Pakistan

The Hindu  

In an unusual move, the IMF on May 30 urged Pakistan to resolve its political disputes in line with the "Constitution and rule of law." The remarks by IMF Mission Chief to Pakistan Nathan Porter came after Prime Minister Shehbaz Sharif contacted the chief of the Washington-based lender to revive the much-awaited $6.5 billion bailout package in a last-ditch effort …

Pakistan PM Shehbaz Sharif says China will save the country from bankruptcy
1 year, 6 months ago

Pakistan PM Shehbaz Sharif says China will save the country from bankruptcy

Op India  

On Friday, May 26, Shehbaz Sharif, Pakistan’s prime minister, stated that an agreement with the International Monetary Fund has not been reached, but that China’s backing will be critical in keeping the country from default. PM Sharif stated in his address to industrialists and businesses in Karachi that Pakistan has ‘successfully fulfilled all of the rigorous conditions imposed by the …

UAE approves additional $1 billion funding to Pakistan: Finance Minister Ishaq Dhar
1 year, 8 months ago

UAE approves additional $1 billion funding to Pakistan: Finance Minister Ishaq Dhar

The Hindu  

Pakistan's Finance Minister Ishaq Dhar on April 4 announced that the UAE has approved $1 billion in financial support, taking the cash-strapped nation a step closer to unlocking the crucial IMF bailout. Pakistan is tackling a major economic crisis as it awaits a much-needed $1.1 billion tranche of funding from the Washington-based International Monetary Fund, part of a $6.5 billion …

Pakistan minister announces subsidy plan amid crisis: 'Taking money from rich, giving it to poor'
1 year, 8 months ago

Pakistan minister announces subsidy plan amid crisis: 'Taking money from rich, giving it to poor'

Hindustan Times  

Pakistan’s Finance Minister Ishaq Dar said plans to implement fuel subsidies have been shared with the International Monetary Fund to help alleviate the lender’s concerns before it revives a stalled $6.5 billion bailout. Read here: Pakistan inflation skyrockets to 47%, wheat and eggs are more expensive: Report “It’s basically about taking money from rich Pakistanis and giving it to poor …

Pakistan needs urgent foreign loans to avoid debt crisis, World Bank warns
1 year, 8 months ago

Pakistan needs urgent foreign loans to avoid debt crisis, World Bank warns

Hindustan Times  

The World Bank has said that various economic shocks have resulted in nearly four million Pakistanis getting pushed into poverty this fiscal year, The Express Tribune reported. The World Bank also called on Pakistan to immediately arrange for new foreign loans to avoid a "public debt crisis." The World Bank called on Pakistan to immediately arrange for new foreign loans …

Pakistan Finance Minister Ishaq Dar to visit Washington; set to hold talks for bailout with IMF
1 year, 8 months ago

Pakistan Finance Minister Ishaq Dar to visit Washington; set to hold talks for bailout with IMF

The Hindu  

Pakistan's Finance Minister Ishaq Dar will be leading a high-powered delegation to the U.S. to attend the annual spring meeting of the International Monetary Fund and the World Bank and for talks with the officials which can help the cash-strapped country to ink a much-needed $1.1 billion bailout with the IMF. Mr. Dar along with an official delegation comprising the …

China rolls over $2 billion loan to Pakistan as it struggles with external liquidity
1 year, 8 months ago

China rolls over $2 billion loan to Pakistan as it struggles with external liquidity

The Hindu  

Pakistani Finance Minister Ishaq Dar said on March 31 that China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis. Longtime ally Beijing has provided the only help Islamabad has got so far, with refinancing of $1.8 billion credited last month to Pakistan's central bank. In …

Cash-strapped Pakistan rejects US 'Summit for Democracy' invitation fearing China's diplomatic clash
1 year, 8 months ago

Cash-strapped Pakistan rejects US 'Summit for Democracy' invitation fearing China's diplomatic clash

India TV News  

At a time when debt-ridden Pakistan needs an IMF bailout package, it has chosen not to attend the 'Summit for Democracy' hosted by the United States. The issue of Pakistan’s participation in the Second 'Summit for Democracy' in the US had been under discussion for some time, particularly because it could potentially upset its "all-weather friend" China, which had not …

IMF sets another condition for crisis-hit Pakistan to revive loan
1 year, 8 months ago

IMF sets another condition for crisis-hit Pakistan to revive loan

Live Mint  

The International Monetary Fund and crisis-hit Pakistan are locked in a debate over an unfinished loan program required for the ongoing financial collapse. The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019 -- vital to Pakistan to avert defaulting on external payment obligations. IMF has now asked Islamabad to provide external financing assurances …

IMF says Pakistan must complete 'few remaining points' to get $6.5 bn loan
1 year, 9 months ago

IMF says Pakistan must complete 'few remaining points' to get $6.5 bn loan

Hindustan Times  

The International Monetary Fund said Pakistan has a few more tasks before it can unlock a $6.5 billion loan to avoid a default, putting pressure on the government to secure assurances from countries that have promised financing support. “A staff-level agreement will follow once the few remaining points are closed,” said Esther Perez Ruiz, the IMF’s resident representative for Pakistan. …

IMF sees substantial progress by crisis-hit Pakistan. When will it unlock loan?
1 year, 9 months ago

IMF sees substantial progress by crisis-hit Pakistan. When will it unlock loan?

Live Mint  

Crisis-hit Pakistan has made ‘substantial progress’ toward meeting policy commitments needed to unlock billions of dollars in loans the country needs to avoid default, the International Monetary Fund said, adding that a state-level agreement will follow once the few remaining points are closed. Esther Perez Ruiz, the IMF’s resident representative for Pakistan said, “Ensuring there is sufficient financing to support …

IMF makes more demands, puts Pakistan at mercy of 'friendly' nations
1 year, 9 months ago

IMF makes more demands, puts Pakistan at mercy of 'friendly' nations

Firstpost  

Islamabad: The International Monetary Fund has told Pakistan to secure the fulfillment of financial commitments by ‘friendly nations’ such as Saudi Arabia, the United Arab Emirates, Qatar and China before it restarts a much needed financial bailout package for the crisis-hit south Asian country. These countries had promised to support Pakistan during the IMF review and Pakistan finance minister Ishaq …

Apprehensions of Pakistan defaulting on debts ’over now’, says PM Sharif
1 year, 9 months ago

Apprehensions of Pakistan defaulting on debts ’over now’, says PM Sharif

Live Mint  

Apprehensions of a default by Pakistan on debt obligations are "over now", the country's Prime Minister Shehbaz Sharif said on Wednesday, adding that a staff-level agreement with the International Monetary Fund "will be done soon". PM Sharif has said that the staff-level agreement with the IMF will be reached "within a few days" as the cash-strapped government has accepted even …

If IMF delays loan Pak will be in deeper troubles, US Bank warns
1 year, 9 months ago

If IMF delays loan Pak will be in deeper troubles, US Bank warns

Live Mint  

If crisis-hit Pakistan does not secure funding from the International Monetary Fund, the country will need to stop its debt repayments, a US bank warned as Islamabad is close to inking a deal with the IMF to unlock the $1.1 billion loan from the $6.5 billion bail out package. The Bank of America said China can rescue crisis-hit Pakistan because …

IMF deal in jeopardy, only China can bailout Pakistan: Report
1 year, 9 months ago

IMF deal in jeopardy, only China can bailout Pakistan: Report

Live Mint  

A US bank said that China can rescue crisis-hit Pakistan because of its close ties with the country, while the International Monetary Fund and Pakistan are still in tough negotiations on financial aid for economic recovery, according to a report by Dawn news. “Whether and when Pakistan can receive the next installment from the IMF is still up in the …

Cash-strapped Pakistan seeks US help to secure 'lenient treatment' from IMF: Report
1 year, 9 months ago

Cash-strapped Pakistan seeks US help to secure 'lenient treatment' from IMF: Report

India Today  

Pakistan, which is hit by a severe economic crisis, has decided to seek help from the United States to secure “lenient treatment” from the International Monetary Fund. After failing to convince the lender, Islamabad is left with no option but to seek help from Washington and its western allies, in order to secure “lenient treatment” from the IMF for moving …

Pakistan to seek U.S. help for revival of stalled IMF loan programme
1 year, 9 months ago

Pakistan to seek U.S. help for revival of stalled IMF loan programme

The Hindu  

Pakistan has decided to seek U.S. help for the revival of the stalled IMF loan programme, following the delay in the staff-level agreement with the International Monetary Fund, ARY News reported. Pakistan Prime Minister Shehbaz Sharif on March 11 said that Pakistan Tehreek-e-Insaf Chairman Imran Khan was out to create hurdles in the revival of the International Monetary Fund's programme …

Discover Related